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UBS Threatens Relocation to US Over Swiss Capital Demands
Summary
UBS is considering relocating its headquarters to the United States to escape proposed Swiss capital requirements that would force the bank to hold an additional $26 billion in reserves.
The Federal Council is planning stricter capital rules for banks. UBS is resisting this. According to a media report, representatives of Donald Trump's government want to lure the bank to the US.
BH, the largest Swiss bank, analyzes the possibility of moving to the United States in response to government proposals from Bern on raising capital requirements